JBT Marel (JBTM) 10-Q1 May 192019 Q1 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2019	Apr. 24, 2019
Document and Entity Information
Entity Registrant Name	John Bean Technologies Corporation
Entity Central Index Key	0001433660
Trading Symbol	jbt
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		31,629,922

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Revenue	$ 417.5	$ 409.2
Operating expenses:
Cost of sales	289.9	305.6
Selling, general and administrative expense	91.7	85
Restructuring expense	5.9	12.7
Operating income	30	5.9
Pension expense, other than service cost	0.5	0.2
Interest expense, net	3.3	3.7
Income from continuing operations before income taxes	26.2	2
Income tax provision	6.5	0.4
Income from continuing operations	19.7	1.6
Loss from discontinued operations, net of taxes	0	0.4
Net income	$ 19.7	$ 1.2
Basic earnings per share:
Income from continuing operations (in dollars per share)	$ 0.62	$ 0.05
Loss from discontinued operations (in dollars per share)	0	(0.01)
Net income (in dollars per share)	0.62	0.04
Diluted earnings per share:
Income from continuing operations (in dollars per share)	0.62	0.05
Loss from discontinued operations (in dollars per share)	(0.01)	(0.01)
Net income (in dollars per share)	$ 0.61	$ 0.04

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 19.7	$ 1.2
Other comprehensive (loss) income, net of income taxes
Foreign currency translation adjustments	(0.7)	2.5
Pension and other postretirement benefits adjustments	1.7	1.4
Derivatives designated as hedges	(0.7)	1.1
Other comprehensive income	0.3	5
Comprehensive income	$ 20	$ 6.2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 43.9	$ 43
Trade receivables, net of allowances	227.4	253.4
Contract assets	68.4	70.3
Inventories	226.4	206.1
Other current assets	60.7	45.7
Total current assets	626.8	618.5
Property, plant and equipment, net of accumulated depreciation of $294.7 and $289.9, respectively	237.5	239.7
Goodwill	342.6	321.4
Intangible assets, net	233.9	213.9
Deferred income taxes	10.9	15
Other assets	69.9	34
Total Assets	1,521.6	1,442.5
Current Liabilities:
Short-term debt and current portion of long-term debt	0	0.5
Accounts payable, trade and other	154.8	191.2
Advance and progress payments	148.6	145.8
Other current liabilities	150.1	147.8
Total current liabilities	453.5	485.3
Long-term debt, less current portion	448.2	387.1
Accrued pension and other postretirement benefits, less current portion	70.3	72.5
Other liabilities	73.2	40.7
Commitments and contingencies (Note 12)
Stockholders' Equity:
Common stock, $0.01 par value; 120,000,000 shares authorized; March 31, 2019 and December 31, 2018: 31,741,607 issued and 31,522,377 outstanding	0.3	0.3
Common stock held in treasury, at cost; March 31, 2019 and December 31, 2018: 219,230 shares	(19.3)	(19.3)
Additional paid-in capital	248.5	245.9
Retained earnings	433.1	416.5
Accumulated other comprehensive loss	(186.2)	(186.5)
Total stockholders' equity	476.4	456.9
Total Liabilities and Stockholders' Equity	$ 1,521.6	$ 1,442.5

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Property, plant and equipment, accumulated depreciation	$ 294.7	$ 289.9
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	120,000,000	120,000,000
Common stock, shares issued (in shares)	31,741,607	31,741,607
Common stock, shares outstanding (in shares)	31,522,377	31,522,377
Common stock held in treasury (in shares)	219,230	219,230

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows provided (required) by operating activities:
Net income	$ 19.7	$ 1.2
Loss from discontinued operations, net	0	0.4
Income from continuing operations	19.7	1.6
Adjustments to reconcile income from continuing operations to cash provided by continuing operating activities:
Depreciation and amortization	14.7	13.7
Stock-based compensation	2.6	2.4
Pension expense	0.9	0.7
Other	0.4	0.4
Changes in operating assets and liabilities:
Trade receivables, net and contract assets	27.8	(0.3)
Inventories	(14.1)	(1.4)
Accounts payable, trade and other	(37.4)	(0.1)
Advance and progress payments	3.8	1.6
Accrued pension and other postretirement benefits, net	(0.2)	(4.5)
Other assets and liabilities, net	(16.2)	(18.2)
Cash provided (required) by continuing operating activities	2	(4.1)
Cash required by discontinued operating activities	(0.1)	(0.6)
Cash provided (required) by operating activities	1.9	(4.7)
Cash flows required by investing activities:
Acquisitions, net of cash acquired	(47.3)	(18.8)
Capital expenditures	(7.6)	(10.4)
Proceeds from disposal of assets	0	0.2
Cash required by investing activities	(54.9)	(29)
Cash flows provided by financing activities:
Net payments on short-term debt	(0.5)	(0.1)
Payments of short-term foreign credit facilities	0	(1.5)
Net proceeds from domestic credit facilities	61	34.7
Deferred acquisition payments	(3.6)	0
Dividends	(3.2)	(3.2)
Cash provided by financing activities	53.7	29.9
Effect of foreign exchange rate changes on cash and cash equivalents	0.2	0.4
Cash and cash equivalents, beginning of period	0.9	(3.4)
Cash and cash equivalents, beginning of period	43	34
Cash and cash equivalents, end of period	$ 43.9	$ 30.6

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Millions	Total	Common Stock	Common Stock Held in Treasury	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2017	$ 441.9	$ 0.3	$ (4)	$ 252.2	$ 333.7	$ (140.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1.2				1.2
Common stock cash dividends, $0.10 per share	(3.5)				(3.5)
Foreign currency translation adjustments, net of income taxes	2.5					2.5
Derivatives designated as hedges, net of income taxes	1.1					1.1
Pension and other postretirement liability adjustments, net of income taxes	1.4					1.4
Stock-based compensation expense	2.4			2.4
Ending balance at Mar. 31, 2018	419	0.3	(4)	254.6	303.4	(135.3)
Beginning balance at Dec. 31, 2018	456.9	0.3	(19.3)	245.9	416.5	(186.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	19.7				19.7
Common stock cash dividends, $0.10 per share	(3.1)				(3.1)
Foreign currency translation adjustments, net of income taxes	(0.7)					(0.7)
Derivatives designated as hedges, net of income taxes	(0.7)					(0.7)
Pension and other postretirement liability adjustments, net of income taxes	1.7					1.7
Stock-based compensation expense	2.6			2.6
Ending balance at Mar. 31, 2019	$ 476.4	$ 0.3	$ (19.3)	$ 248.5	$ 433.1	$ (186.2)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ / shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Common stock cash dividends (in usd per share)	$ 0	$ 0
Foreign currency, translation adjustments, tax	$ (0.8)	$ 0
Derivatives designated as hedges, tax	(0.1)	0
Pension and other postretirement liability adjustments, tax	$ 0.6	$ 0.3

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
Description of Business and Basis of Presentation	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of Business John Bean Technologies Corporation and its majority-owned consolidated subsidiaries (the “Company,” “JBT,” “our,” “us,” or “we”) provide global technology solutions to high-value segments of the food and beverage and air transportation industries. We design, produce and service sophisticated products and systems for multi-national and regional customers through our JBT FoodTech and JBT AeroTech segments. We have manufacturing operations worldwide and are strategically located to facilitate delivery of our products and services to our customers. Basis of Presentation In accordance with Securities and Exchange Commission (“SEC”) rules for interim periods, the accompanying unaudited condensed consolidated financial statements (the “interim financial statements”) do not include all of the information and notes for complete financial statements as required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). As such, the accompanying interim financial statements should be read in conjunction with the JBT Annual Report on Form 10-K for the year ended December 31, 2018 , which provides a more complete understanding of the Company’s accounting policies, financial position, operating results, business, properties, and other matters. The year-end condensed consolidated balance sheet (the “Balance Sheet”) was derived from audited financial statements. In the opinion of management, the interim financial statements reflect all normal recurring adjustments necessary for a fair presentation of our financial condition and operating results as of and for the periods presented. Revenue, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the interim results and trends in the interim financial statements may not be representative of those for the full year or any future period. Use of estimates Preparation of financial statements that follow U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Recently adopted accounting standards Beginning in February 2016, the FASB issued ASU No. 2016-02, Leases ("ASC 842"), plus a number of related statements designed to clarify and interpret ASC 842. The core principle of the ASU is the requirement for lessees to report a right of use asset ("ROU asset") and a lease payment obligation on the balance sheet, but recognize expenses on their income statements in a manner similar to legacy accounting. For lessors, the guidance remains substantially unchanged from legacy U.S. GAAP. We designed our disclosures to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. We adopted ASC 842 as of January 1, 2019, using the cumulative-effect transition method with the required modified retrospective approach. The cumulative-effect transition method enables an entity to record existing leases at the date of adoption without restating comparative periods; rather the cumulative effect of the change is recorded as an adjustment to equity, if needed, at the beginning of the year of adoption. We elected the following practical expedients as permitted per the guidance: • The ‘package of practical expedients’ which permits us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. We have elected this package of practical expedients in its entirety. • The short-term lease recognition exemption for all leases that qualify. This means, for those leases that qualify, we will not recognize ROU assets or lease liabilities for existing short-term leases of assets in transition. • The practical expedient to not separate lease and non-lease components for all of our leases other than leases of vehicles and communication equipment given the predominance of the service component for these leases. • The use of hindsight to determine the lease term for existing leases and assessing the likelihood that a lessee renewal, termination or purchase option will be exercised. Adoption of the ASC 842 resulted in the recording of $32 million as ROU assets in Other assets and $34 million as lease liabilities in Other current liabilities and Other liabilities, as of January 1, 2019. The difference between the ROU assets and lease liabilities is driven primarily by lease incentives that were reclassified from a long-term liability account to the ROU asset balance. The income tax accounting impact of ASC 842 adoption resulted in recording of deferred tax asset and deferred tax liability of $8.8 million as of January 1, 2019. The standard did not materially impact our retained earnings nor consolidated net income, and had no impact on cash flows. Recently issued accounting standards not yet adopted In August 2018, the FASB issued ASU 2018-13, Disclosure Framework— Changes to the Disclosure Requirements for Fair Value Measurement, which amends Topic 820, Fair Value Measurement. ASU 2018-13 removes, modifies, and adds the disclosure requirements for fair value measurements. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2019, with early adoption permitted. The removed and modified disclosures will be adopted on a retrospective basis and the new disclosures will be adopted on a prospective basis. The Company is currently evaluating the impact of adopting ASU 2018-13 on its disclosures. In August 2018, the FASB issued ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans

Acquisitions

Acquisitions	3 Months Ended
Acquisitions	Mar. 31, 2019
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS During 2019 and 2018 the Company acquired three businesses for an aggregate consideration of $104.8 million , net of cash acquired. A summary of the acquisitions made during the period is as follows: Date Type Company/Product Line Location (Near) Segment February 1, 2019 Stock LEKTRO, Inc. Warrenton, Oregon AeroTech A manufacturer of commercial aviation ground support equipment, including electric towbarless aircraft pushback tractors for narrow body and smaller aircrafts. With this acquistion, AeroTech will now be well positioned to lead in the market supporting the growing demand for emissions-free ground support equipment. July 12, 2018 Stock FTNON Almelo, Netherlands FoodTech A manufacturer of equipment and solutions for the fresh produce, ready meals, and pet food industries. January 26, 2018 Stock Schröder Breidenbach, Germany FoodTech Manufacturer of engineered processing solutions to the food industry. Each acquisition has been accounted for as a business combination. Tangible and identifiable intangible assets acquired and liabilities assumed were recorded at their respective estimated fair values. The excess of the consideration transferred over the estimated fair value of the net assets received has been recorded as goodwill. The factors that contributed to the recognition of goodwill primarily relate to acquisition-driven anticipated cost savings and revenue enhancement synergies coupled with the assembled workforce acquired. The following presents the allocation of acquisition consideration to the assets acquired and the liabilities assumed, based on their estimated values: LEKTRO (1) FTNON (2) Schröder (3) Total (In millions) Financial assets $ 4.2 $ 17.2 $ 4.3 $ 25.7 Inventories 7.2 4.3 6.6 18.1 Property, plant and equipment 0.3 3.9 7.4 11.6 Other intangible assets (4) 26.7 19.0 4.2 49.9 Deferred taxes (6.9 ) (3.4 ) 0.4 (9.9 ) Financial liabilities (4.4 ) (20.6 ) (4.5 ) (29.5 ) Total identifiable net assets $ 27.1 $ 20.4 $ 18.4 $ 65.9 Cash consideration paid $ 49.0 $ 43.6 $ 20.3 $ 112.9 Cash acquired 1.7 4.9 1.5 8.1 Net consideration $ 47.3 $ 38.7 $ 18.8 $ 104.8 Goodwill $ 21.9 $ 23.2 $ 1.9 $ 47.0 (1) The purchase accounting for LEKTRO is provisional. The valuation of certain working capital balances, property, plant and equipment, intangibles, income tax balances and residual goodwill is not complete. These amounts are subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). (2) The purchase accounting for FTNON is provisional. The valuation of intangibles, income tax balances and residual goodwill is not complete. These amounts are subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). During the quarter ended March 31, 2019 we had no significant measurement period adjustments for FTNON. (3) The purchase accounting of Schröder was final as of December 31, 2018. (4)

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
Goodwill and Intangible Assets	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of goodwill by business segment were as follows: (In millions) JBT FoodTech JBT AeroTech Total Balance as of December 31, 2018 $ 310.3 $ 11.1 $ 321.4 Acquisitions 0.2 21.9 22.1 Currency translation (1.0 ) 0.1 (0.9 ) Balance as of March 31, 2019 $ 309.5 $ 33.1 $ 342.6 Intangible assets consisted of the following: March 31, 2019 December 31, 2018 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationships $ 187.8 $ 48.7 $ 165.5 $ 45.2 Patents and acquired technology 100.8 39.8 99.8 38.2 Tradenames 25.0 10.3 23.1 10.3 Indefinite lived intangible assets 15.6 — 15.6 — Other 14.7 11.2 14.4 10.8 Total intangible assets $ 343.9 $ 110.0 $ 318.4 $ 104.5

Inventories

Inventories	3 Months Ended
Inventories	Mar. 31, 2019
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories consisted of the following: (In millions) March 31, 2019 December 31, 2018 Raw materials $ 92.7 $ 82.1 Work in process 72.0 70.6 Finished goods 128.3 118.8 Gross inventories before LIFO reserves and valuation adjustments 293.0 271.5 LIFO reserves (49.1 ) (48.2 ) Valuation adjustments (17.5 ) (17.2 ) Net inventories $ 226.4 $ 206.1

Pension

Pension	3 Months Ended
Pension	Mar. 31, 2019
Retirement Benefits [Abstract]
Pension	PENSION Components of net periodic benefit cost (income) were as follows: Pension Benefits Three Months Ended (In millions) 2019 2018 Service cost $ 0.4 $ 0.5 Interest cost 2.6 2.7 Expected return on plan assets (3.8 ) (4.2 ) Settlement charge — 0.1 Amortization of net actuarial losses 1.7 1.6 Net periodic cost $ 0.9 $ 0.7 We expect to contribute $12.4 million to our pension and other postretirement benefit plans in 2019 , $10.0 million of which would be contributed to our U.S. qualified pension plan. We have made no contribution to our U.S. qualified pension plan during the three months ended March 31, 2019

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
Accumulated Other Comprehensive Income (Loss)	Mar. 31, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income or loss (“AOCI”) represents the cumulative balance of other comprehensive income, net of tax, as of the balance sheet date. For JBT, AOCI is primarily composed of adjustments related to pension and other postretirement benefit plans, derivatives designated as hedges, and foreign currency translation adjustments. Changes in the AOCI balances for the three months ended March 31, 2019 and 2018 by component are shown in the following tables: Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation (1) Total (1) (In millions) Beginning balance, December 31, 2018 $ (140.4 ) $ 2.0 $ (48.1 ) $ (186.5 ) Other comprehensive income (loss) before reclassification 0.4 (0.3 ) (0.3 ) (0.2 ) Amounts reclassified from accumulated other comprehensive income 1.3 (0.4 ) (0.4 ) 0.5 Ending balance, March 31, 2019 $ (138.7 ) $ 1.3 $ (48.8 ) $ (186.2 ) (1) All amounts are net of income taxes. Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three months ended March 31, 2019 were $1.7 million of charges to pension expense, other than service cost, net of $0.4 million in provision for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $0.5 million of benefit in interest expense, net of $0.1 million in provision for income taxes. Reclassification adjustments for foreign currency translation related to net investment hedges for the three months ended March 31, 2019 were $0.6 million of benefit in interest expense, net of $0.2 million in provision for income taxes. Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation Total (1) (In millions) Beginning balance, December 31, 2017 $ (113.9 ) $ 1.4 $ (27.8 ) $ (140.3 ) Other comprehensive income (loss) before reclassification — 1.1 2.5 3.6 Amounts reclassified from accumulated other comprehensive income 1.4 — — 1.4 Ending balance, March 31, 2018 $ (112.5 ) $ 2.5 $ (25.3 ) $ (135.3 ) (1) All amounts are net of income taxes. Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three months ended March 31, 2018 were $1.6 million of charged to pension expense, other than service cost, net of $0.2 million

Revenue Recognition (Notes)

Revenue Recognition (Notes)	3 Months Ended
Revenue Recognition (Notes)	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION Revenue is measured based on consideration specified in a contract with a customer, and excludes any sales incentives and amounts collected on behalf of third parties when JBT is acting in an agent capacity. We recognize revenue when we satisfy a performance obligation by transferring control of a product or service to a customer. Performance Obligations & Contract Estimates A performance obligation is a promise in a contract to transfer a distinct good or service to the customer. A contract’s transaction price is allocated to each distinct performance obligation based on its respective stand-alone selling price and recognized as revenue when, or as, the performance obligation is satisfied. A large portion of our revenue across JBT is derived from manufactured equipment, which may be customized to meet customer specifications. Our contracts with customers in both segments often include multiple promised goods and/or services. For instance, a contract may include equipment, installation, optional warranties, periodic service calls, etc. We frequently have contracts for which the equipment and installation are considered a single performance obligation. In these instances the installation services are not separately identifiable as the installation goes above and beyond the basic assembly, set-up and testing and therefore significantly customizes or modifies the equipment. However, we also have contracts where the installation services are deemed to be separately identifiable as the nature of these services are considered basic assembly, set-up and testing, and are therefore deemed to be a separate performance obligation. This generally occurs in contracts where we manufacture standard equipment. When a performance obligation is separately identifiable, as defined in ASC 606, we allocate a portion of the contract price to the obligation and recognize it separately from the other performance obligations. Contract price allocation among multiple performance obligations is based on standalone selling price of each distinct good or service in the contract. When not sold separately, an estimate of the standalone selling price is determined using expected cost plus a reasonable margin. The timing of revenue recognition for each performance obligation is either over time as control transfers or at a point in time. We recognize revenue over time for contracts that provide: service over a period of time, for refurbishments of customer-owned equipment, and for highly customized equipment for which we have a contractual, enforceable right to collect payment upon customer cancellation for performance completed to date. Revenue generated from standard equipment, highly customized equipment contracts without an enforceable right to payment for performance completed to date, as well as aftermarket parts and services sales, are recognized at a point in time. We utilize the input method of “cost-to-cost” to recognize revenue over time. We measure progress based on costs incurred to date relative to total estimated cost at completion. Incurred cost represents work performed, which corresponds with, and therefore depicts, the transfer of control to the customer. Contract costs include labor, material, and certain allocated overhead expenses. Cost estimates are based on various assumptions to project the outcome of future events; including labor productivity and availability, the complexity of the work to be performed, the cost of materials, and the performance of subcontractors. Revenue attributable to equipment which qualifies as point in time is recognized when our customers take control of the asset. For equipment where installation is separately identifiable, we generally determine that control transfers when the customer has obtained legal title and the risks and rewards of ownership, which is dependent upon the shipping terms within the contract. For customized equipment where installation is not separately identifiable, but where we do not have an enforceable right to payment for performance completed to-date, we define control transfer as the point in time in which we are able to objectively verify that the customer has the capability of full beneficial use of the asset as intended per the contract. Service revenue is recognized over time either proportionately over the period of the underlying contract or when services are complete, depending on the terms of the arrangement. We generally bill customers in advance, and progress billings generally are issued upon the completion of certain phases of the work as stipulated in the contract. We may extend credit to customers in line with industry standards where it is strategically advantageous. Within our AeroTech segment we provide maintenance and repair service for baggage handling systems, facilities, gate systems, and ground support equipment. The timing of contract billings is concurrent with the completion of the services, and therefore we have availed ourselves of the practical expedient that allows us to recognize revenue commensurate with the amount to which we have a right to invoice, which corresponds directly to the value to the customer of our performance completed to date. Transaction price allocated to the remaining performance obligations The majority of our contracts are completed within twelve months. For performance obligations that extend beyond one year, we had $278 million of remaining performance obligations as of March 31, 2019, 82% of which we expect to recognize as revenue in 2019 and the remainder in 2020. We have elected the following optional exemptions from the remaining performance obligation disclosures: • Contracts that have an original expected duration of one year or less; and • Performance obligations related to revenue recognized over time using the as-invoiced practical expedient. Disaggregation of revenue In the following table, revenue is disaggregated by type of good or service and primary geographical market. The table also includes a reconciliation of the disaggregated revenue with the reportable segments. Three Months Ended Three Months Ended March 31, 2019 March 31, 2018 (3) in millions FoodTech AeroTech FoodTech AeroTech Type of Good or Service Recurring (1) $ 133.3 $ 50.9 $ 123.0 $ 43.1 Non-recurring (1) 161.3 72.0 180.6 62.5 Total 294.6 122.9 303.6 105.6 Geographical Region (2) North America 156.1 94.9 164.0 83.8 Europe, Middle East and Africa 79.4 23.4 76.3 14.1 Asia Pacific 37.7 4.1 40.2 7.0 Latin America 21.4 0.5 23.1 0.7 Total 294.6 122.9 303.6 105.6 Timing of Recognition Point in time 146.0 68.6 162.0 60.2 Over time 148.6 54.3 141.6 45.4 Total 294.6 122.9 303.6 105.6 (1) Aftermarket parts and services and revenue from leasing contracts are considered recurring revenue. Non-recurring revenue includes new equipment and installation. (2) Geographical region represents the region in which the end customer resides. (3) These amounts include the transition impacts from the adoption of ASC 606 that were recognized throughout the year. The majority of the impact was driven by "previously recognized" amounts where installation was completed in 2018 and revenue on the full contract was recognized, however the same contract was previously recognized under legacy GAAP upon shipment in 2017. Contract balances The timing of revenue recognition, billings and cash collections results in Trade receivables, Contract assets, and Advance and progress payments (contract liabilities). Contract assets exist when revenue recognition occurs prior to billings. Contract assets are transferred to trade receivables when the right to payment becomes unconditional (i.e., when receipt of the amount is dependent only on the passage of time). Conversely, we often receive payments from our customers before revenue is recognized, resulting in contract liabilities. These assets and liabilities are reported on the Balance Sheet as Contract assets and within Advance and progress payments, respectively, on a contract-by-contract net basis at the end of each reporting period. Our contract asset and liability balances for the period were as follows: Balances as of in millions March 31, 2019 December 31, 2018 Contract assets $ 68.4 $ 70.3 Contract liabilities 125.6 124.5 In the three months ended March 31, 2019, we recognized $65 million

Earnings Per Share

Earnings Per Share	3 Months Ended
Earnings Per Share	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the respective periods and our basic and diluted shares outstanding: Three Months Ended (In millions, except per share data) 2019 2018 Basic earnings per share: Income from continuing operations $ 19.7 $ 1.6 Weighted average number of shares outstanding 31.8 31.9 Basic earnings per share from continuing operations $ 0.62 $ 0.05 Diluted earnings per share: Income from continuing operations $ 19.7 $ 1.6 Weighted average number of shares outstanding 31.8 31.9 Effect of dilutive securities: Restricted stock 0.2 0.5 Total shares and dilutive securities 32.0 32.4 Diluted earnings per share from continuing operations $ 0.62 $ 0.05 On August 10, 2018, the Board authorized new share repurchase program of up to $30 million

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
Fair Value of Financial Instruments	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value framework requires the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: • Level 1 : Unadjusted quoted prices in active markets for identical assets and liabilities that the Company can assess at the measurement date. • Level 2 : Observable inputs other than those included in Level 1 that are observable for the asset or liability, either directly or indirectly. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. • Level 3 : Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. Financial assets and financial liabilities measured at fair value on a recurring basis are as follows: As of March 31, 2019 As of December 31, 2018 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Investments $ 13.7 $ 13.7 $ — $ — $ 12.3 $ 12.3 $ — $ — Derivatives 9.6 — 9.6 — 7.7 — 7.7 — Total assets $ 23.3 $ 13.7 $ 9.6 $ — $ 20.0 $ 12.3 $ 7.7 $ — Liabilities: Derivatives $ 5.6 $ — $ 5.6 $ — $ 2.0 $ — $ 2.0 $ — Total liabilities $ 5.6 $ — $ 5.6 $ — $ 2.0 $ — $ 2.0 $ — Investments represent securities held in a trust for the non-qualified deferred compensation plan. Investments are classified as trading securities and are valued based on quoted prices in active markets for identical assets that we have the ability to access. Investments are reported separately in Other assets on the Balance Sheets. Investments include an unrealized gain of $1.2 million as of March 31, 2019 and unrealized loss of $2.4 million as of December 31, 2018 . We use the income approach to measure the fair value of derivative instruments on a recurring basis. This approach calculates the present value of the future cash flow by measuring the change between the derivative contract rate and the published market indicative currency rate, multiplied by the contract notional values, and applying an appropriate discount rate as well as a factor of credit risk. The carrying amounts of cash and cash equivalents, trade receivables and payables, as well as financial instruments included in other current assets and other current liabilities, approximate fair values because of their short-term maturities.

Derivative Financial Instrument

Derivative Financial Instruments and Risk Management	3 Months Ended
Derivative Financial Instruments and Risk Management	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Risk Management	DERIVATIVE FINANCIAL INSTRUMENTS AND RISK MANAGEMENT Derivative Financial Instruments All derivatives are recorded as other assets or liabilities in the Balance Sheets at their respective fair values. For derivatives designated as cash flow hedges, the unrealized gain or loss related to the derivatives are recorded in Other comprehensive income (loss) until the hedged transaction affects earnings. We assess at inception of the hedge, whether the derivative in the hedging transaction will be highly effective in offsetting changes in cash flows of the hedged item. Changes in the fair value of derivatives that do not meet the criteria for designation as a hedge are recognized in earnings. Foreign Exchange: We manufacture and sell products in a number of countries throughout the world and, as a result, we are exposed to movements in foreign currency exchange rates. Our major foreign currency exposures involve the markets in Western Europe, South America and Asia. Some of our sales and purchase contracts contain embedded derivatives due to the nature of doing business in certain jurisdictions, which we take into consideration as part of our risk management policy. The purpose of our foreign currency hedging activities is to manage the economic impact of exchange rate volatility associated with anticipated foreign currency purchases and sales made in the normal course of business. We primarily utilize forward foreign exchange contracts with maturities of less than 2 years in managing this foreign exchange rate risk. We have not designated these forward foreign exchange contracts, which had a notional value at March 31, 2019 of $556.6 million , as hedges and therefore do not apply hedge accounting. The following table presents the fair value of foreign currency derivatives and embedded derivatives included within the Balance Sheets: As of March 31, 2019 As of December 31, 2018 (In millions) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Total $ 3.8 $ 5.6 $ 3.7 $ 2.1 A master netting arrangement allows counterparties to net settle amounts owed to each other as a result of separate offsetting derivative transactions. We enter into master netting arrangements with our counterparties when possible to mitigate credit risk in derivative transactions by permitting us to net settle for transactions with the same counterparty. However, we do not net settle with such counterparties. As a result, we present derivatives at their gross fair values in the Balance Sheets. As of March 31, 2019 and December 31, 2018 , information related to these offsetting arrangements was as follows: (In millions) As of March 31, 2019 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 9.6 $ — $ 9.6 $ (2.5 ) $ 7.1 (In millions) As of March 31, 2019 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 5.6 $ — $ 5.6 $ (2.5 ) $ 3.1 (In millions) As of December 31, 2018 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 7.7 $ — $ 7.7 $ (1.5 ) $ 6.2 (In millions) As of December 31, 2018 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 2.0 $ — $ 2.0 $ (1.5 ) $ 0.5 The following table presents the location and amount of the gain (loss) on foreign currency derivatives and on the remeasurement of assets and liabilities denominated in foreign currencies, as well as the net impact recognized in the Income Statement: Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Amount of (Loss) Gain Recognized in Income on Derivatives Three Months Ended (In millions) 2019 2018 Foreign exchange contracts Revenue $ (2.0 ) $ (1.7 ) Foreign exchange contracts Cost of sales 0.8 0.6 Foreign exchange contracts Selling, general and administrative expense (0.1 ) 0.1 Total (1.3 ) (1.0 ) Remeasurement of assets and liabilities in foreign currencies 0.4 0.1 Net (loss) gain on foreign currency transactions $ (0.9 ) $ (0.9 ) Interest Rates : We have entered into three interest rate swaps to fix the interest rate applicable to certain of our variable-rate debt. The agreements swap one-month LIBOR for fixed rates. We have designated these swaps as cash flow hedges and all changes in fair value of the swaps are recognized in accumulated other comprehensive income (loss). At March 31, 2019 , the fair value of these derivatives designated as cash flow hedges were recorded in the Balance Sheet as other assets of $1.9 million and as accumulated other comprehensive income, net of tax, of $1.2 million . Net Investment: We have entered into a cross currency swap agreement that synthetically swaps $116.4 million of fixed rate debt to Euro denominated fixed rate debt. The agreement is designated as a net investment hedge for accounting purposes. Accordingly, the gain or loss on this derivative instrument is included in the foreign currency translation component of other comprehensive income until the net investment is sold, diluted, or liquidated. Coupons received for the cross currency swap are excluded from the net investment hedge effectiveness assessment and are recorded in interest expense, net on the condensed consolidated statements of income. For the three months ended March 31, 2019, gains recorded in interest expense, net under the cross currency swap agreement were $0.6 million . At March 31, 2019, the fair value of these derivatives designated as net investment hedges were recorded in the Balance Sheet as other assets of $4.3 million and as accumulated other comprehensive income, net of tax, of $3.2 million . Refer to Note 9. Fair Value Of Financial Instruments for a description of how the values of the above financial instruments are determined. Credit Risk

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2019
Leases [Abstract]
Leases	LEASES Lessee Accounting We adopted ASC 842 on January 1, 2019 and included below is our accounting policy for lessee accounting. We lease office space, manufacturing facilities and various types of manufacturing and data processing equipment. Leases of real estate generally provide that we pay for repairs, property taxes and insurance. At the inception of an arrangement, we determine whether the arrangement is or contains a lease based on whether the contract conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. Leases are classified as operating or finance leases at the commencement date of the lease. Operating leases are included in operating lease ROU assets, other current liabilities, and operating lease liabilities in our consolidated balance sheet, which are reported within Other assets, Other current liabilities and Other liabilities, respectively. We do not currently have any leases that are classified as a finance lease. Lease liabilities are classified between current and long-term liabilities based on their payment terms. Per the standard, we have elected not to recognize leases with terms of less than one year on the balance sheet. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As the implicit rate is generally not readily determinable for most of our leases, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU asset also includes prepaid rent and reflects the unamortized balance of lease incentives. Our leases may include renewal options, and we include the renewal option in the lease term if we conclude that it is reasonably certain that we will exercise that option. Lease expense for operating leases is recognized on a straight-line basis over the lease term. We elected the practical expedient to not separate lease and non-lease components for leases other than leases of vehicles and communication equipment. For the asset categories of real estate, manufacturing, office and IT equipment, we account for the lease and non-lease components as a single lease component. Some leases give us the option to renew, with renewal terms that may extend the lease term. The exercise of lease renewal options is at our sole discretion. Certain leases also include options to purchase the leased property. The depreciable life of the ROU assets are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Our lease agreements do not contain any material residual value guarantees. Our lease cost as of the three months ended March 31, 2019 was $3.5 million . The variable lease cost, short-term lease costs and sub-lease income was immaterial. The following tables provide the required information regarding our leases for which we are lessee. Balance as of in millions January 1, 2019 March 31, 2019 Assets ROU assets $ 32.3 $ 31.6 Total ROU assets 32.3 31.6 Liabilities Current 10.8 11.0 Non-current 23.3 22.6 Total lease liabilities $ 34.1 $ 33.6 Weighted-average remaining lease term (years ) 4.3 4.2 Weighted-average discount rate 5.7 % 5.7 % The majority of our ROU assets and lease liabilities, approximately 80% , relate to real estate leases, with the remaining amounts driven primarily by vehicle leases. Maturity of Operating Lease Liabilities: Year 1 $ 12.2 Year 2 9.5 Year 3 5.6 Year 4 3.8 Year 5 2.8 After Year 5 3.9 Total lease payments 37.8 Less: Interest on lease payments (4.2 ) Present value of lease liabilities $ 33.6 Other Information: Year-to-Date March 31, 2019 Operating cash flows from operating leases $ 3.4 New leases signed 1.7 Prior Year Disclosures Although we have adopted ASC 842 using the cumulative effect transition method, which enables us to record existing leases at the date of adoption without restating comparative periods, we are required to include prior year disclosures that were in accordance with legacy GAAP. These disclosures included in our December 31, 2018 Form 10-K are included below: We lease office space, manufacturing facilities and various types of manufacturing and data processing equipment. Leases of real estate generally provide that we pay for repairs, property taxes and insurance. Substantially all leases are classified as operating leases for accounting purposes. Rent expense under operating leases amounted to $10.5 million in 2018. Future minimum lease payments under non-cancelable operating leases as of December 31, 2018, for the following fiscal years were: in millions Total Amount 2019 2020 2021 2022 2023 After 2024 Operating lease obligations $ 39.6 $ 12.7 $ 9.7 $ 5.6 $ 3.7 $ 2.9 $ 5.0 Lessor Accounting JBT primarily leases food processing equipment, such as industrial juicers. In most instances, JBT does include maintenance as a component of the lease agreement. ASC 842 requires lessors to separate lease and non-lease components and further defines maintenance as a non-lease component. We elected to exercise the available practical expedient of combining lease and non-lease components where the components meet both of the following criteria: • The timing and pattern of transfer to the lessee of the lease and non-lease component are the same, and • The lease component, if accounted for separately, would be classified as an operating lease. As such, the leased asset and its respective maintenance component will not be accounted for separately. In certain of our leases, consumables are included as a non-lease component. For these leases, the components do not qualify for the practical expedient as the timing and pattern of transfer to the lessee are not the same. In these instances, the non-lease component will be accounted for in accordance with ASC 606. JBT monitors the risk associated with residual value of its leased assets. We review on an annual basis or more often as deemed necessary, and adjust residual values and useful lives of equipment leased to outside parties, as appropriate. Adjustments to residual values result in an adjustment to depreciation expense. Our annual review is based on a long-term view considering historical market price changes, market price trends, and expected life of the equipment. Our lease agreements with our customers do not contain any material residual value guarantees. Certain lease agreements include terms and conditions resulting in variable lease payments. These payments typically rely upon the usage of the underlying asset. Certain of our lease agreements provide renewal options, including some leases with an evergreen renewal option. The exercise of the lease renewal option is at the sole discretion of the lessee. In most instances, the lease can only be terminated in cases of breach of contract. In these instances, termination fees do not apply. Certain of our lease agreements also allow the lessee to purchase the leased asset at fair market value or a specific agreed upon price. The exercise of the lease purchase option is at the sole discretion of the lessee. We do not have any lease agreements with related parties. The following tables provide the required information regarding our leases for which we are lessor. We do not currently have leases that are considered finance leases. Lease Revenue: Three Months Ended in millions March 31, 2019 Fixed payment revenue $ 16.1 Variable payment revenue 5.4 Total $ 21.5 Lessor Maturity Analysis: Less than 1 Year $ 56.7 Year 1 43.9 Year 2 35.3 Year 3 23.9 Year 4 13.2 Year 5 1.8 After Year 5 3.1 Total lease revenue $ 177.9
Leases	LEASES Lessee Accounting We adopted ASC 842 on January 1, 2019 and included below is our accounting policy for lessee accounting. We lease office space, manufacturing facilities and various types of manufacturing and data processing equipment. Leases of real estate generally provide that we pay for repairs, property taxes and insurance. At the inception of an arrangement, we determine whether the arrangement is or contains a lease based on whether the contract conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. Leases are classified as operating or finance leases at the commencement date of the lease. Operating leases are included in operating lease ROU assets, other current liabilities, and operating lease liabilities in our consolidated balance sheet, which are reported within Other assets, Other current liabilities and Other liabilities, respectively. We do not currently have any leases that are classified as a finance lease. Lease liabilities are classified between current and long-term liabilities based on their payment terms. Per the standard, we have elected not to recognize leases with terms of less than one year on the balance sheet. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As the implicit rate is generally not readily determinable for most of our leases, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU asset also includes prepaid rent and reflects the unamortized balance of lease incentives. Our leases may include renewal options, and we include the renewal option in the lease term if we conclude that it is reasonably certain that we will exercise that option. Lease expense for operating leases is recognized on a straight-line basis over the lease term. We elected the practical expedient to not separate lease and non-lease components for leases other than leases of vehicles and communication equipment. For the asset categories of real estate, manufacturing, office and IT equipment, we account for the lease and non-lease components as a single lease component. Some leases give us the option to renew, with renewal terms that may extend the lease term. The exercise of lease renewal options is at our sole discretion. Certain leases also include options to purchase the leased property. The depreciable life of the ROU assets are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Our lease agreements do not contain any material residual value guarantees. Our lease cost as of the three months ended March 31, 2019 was $3.5 million . The variable lease cost, short-term lease costs and sub-lease income was immaterial. The following tables provide the required information regarding our leases for which we are lessee. Balance as of in millions January 1, 2019 March 31, 2019 Assets ROU assets $ 32.3 $ 31.6 Total ROU assets 32.3 31.6 Liabilities Current 10.8 11.0 Non-current 23.3 22.6 Total lease liabilities $ 34.1 $ 33.6 Weighted-average remaining lease term (years ) 4.3 4.2 Weighted-average discount rate 5.7 % 5.7 % The majority of our ROU assets and lease liabilities, approximately 80% , relate to real estate leases, with the remaining amounts driven primarily by vehicle leases. Maturity of Operating Lease Liabilities: Year 1 $ 12.2 Year 2 9.5 Year 3 5.6 Year 4 3.8 Year 5 2.8 After Year 5 3.9 Total lease payments 37.8 Less: Interest on lease payments (4.2 ) Present value of lease liabilities $ 33.6 Other Information: Year-to-Date March 31, 2019 Operating cash flows from operating leases $ 3.4 New leases signed 1.7 Prior Year Disclosures Although we have adopted ASC 842 using the cumulative effect transition method, which enables us to record existing leases at the date of adoption without restating comparative periods, we are required to include prior year disclosures that were in accordance with legacy GAAP. These disclosures included in our December 31, 2018 Form 10-K are included below: We lease office space, manufacturing facilities and various types of manufacturing and data processing equipment. Leases of real estate generally provide that we pay for repairs, property taxes and insurance. Substantially all leases are classified as operating leases for accounting purposes. Rent expense under operating leases amounted to $10.5 million in 2018. Future minimum lease payments under non-cancelable operating leases as of December 31, 2018, for the following fiscal years were: in millions Total Amount 2019 2020 2021 2022 2023 After 2024 Operating lease obligations $ 39.6 $ 12.7 $ 9.7 $ 5.6 $ 3.7 $ 2.9 $ 5.0 Lessor Accounting JBT primarily leases food processing equipment, such as industrial juicers. In most instances, JBT does include maintenance as a component of the lease agreement. ASC 842 requires lessors to separate lease and non-lease components and further defines maintenance as a non-lease component. We elected to exercise the available practical expedient of combining lease and non-lease components where the components meet both of the following criteria: • The timing and pattern of transfer to the lessee of the lease and non-lease component are the same, and • The lease component, if accounted for separately, would be classified as an operating lease. As such, the leased asset and its respective maintenance component will not be accounted for separately. In certain of our leases, consumables are included as a non-lease component. For these leases, the components do not qualify for the practical expedient as the timing and pattern of transfer to the lessee are not the same. In these instances, the non-lease component will be accounted for in accordance with ASC 606. JBT monitors the risk associated with residual value of its leased assets. We review on an annual basis or more often as deemed necessary, and adjust residual values and useful lives of equipment leased to outside parties, as appropriate. Adjustments to residual values result in an adjustment to depreciation expense. Our annual review is based on a long-term view considering historical market price changes, market price trends, and expected life of the equipment. Our lease agreements with our customers do not contain any material residual value guarantees. Certain lease agreements include terms and conditions resulting in variable lease payments. These payments typically rely upon the usage of the underlying asset. Certain of our lease agreements provide renewal options, including some leases with an evergreen renewal option. The exercise of the lease renewal option is at the sole discretion of the lessee. In most instances, the lease can only be terminated in cases of breach of contract. In these instances, termination fees do not apply. Certain of our lease agreements also allow the lessee to purchase the leased asset at fair market value or a specific agreed upon price. The exercise of the lease purchase option is at the sole discretion of the lessee. We do not have any lease agreements with related parties. The following tables provide the required information regarding our leases for which we are lessor. We do not currently have leases that are considered finance leases. Lease Revenue: Three Months Ended in millions March 31, 2019 Fixed payment revenue $ 16.1 Variable payment revenue 5.4 Total $ 21.5 Lessor Maturity Analysis: Less than 1 Year $ 56.7 Year 1 43.9 Year 2 35.3 Year 3 23.9 Year 4 13.2 Year 5 1.8 After Year 5 3.1 Total lease revenue $ 177.9

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES In the normal course of our business, we are at times subject to pending and threatened legal actions, some for which the relief or damages sought may be substantial. Although we are not able to predict the outcome of such actions, after reviewing all pending and threatened actions with counsel and based on information currently available, management believes that the outcome of such actions, individually or in the aggregate, will not have a material adverse effect on our results of operations or financial position. However, it is possible that the ultimate resolution of such matters, if unfavorable, may be material to our results of operations in a particular future period as the time and amount of any resolution of such actions and its relationship to the future results of operations are not currently known. Liabilities are established for pending legal claims only when losses associated with the claims are judged to be probable, and the loss can be reasonably estimated. In many lawsuits and arbitrations, it is not considered probable that a liability has been incurred or not possible to estimate the ultimate or minimum amount of that liability until the case is close to resolution, in which case no liability would be recognized until that time. In 2013, we received a notice of examination from the Delaware Department of Finance commencing an examination of our books and records to determine compliance with Delaware unclaimed property law. The examination was not complete when, in 2017, Delaware promulgated a law which permitted companies an election to convert an examination to a review under the Secretary of State’s voluntary disclosure agreement program. In December 2017, we elected this alternative and are in the process of meeting the requirements under the voluntary disclosure agreement program. The requirements include reviewing our books and records and filing any previously unfiled reports for all unclaimed property presumed unclaimed, under the law, from 2003. We are required to work with the Secretary of State to complete this exercise by December 2019. We are not able to estimate whether we have significant unclaimed property obligations at this time. Guarantees and Product Warranties In the ordinary course of business with customers, vendors and others, we issue standby letters of credit, performance bonds, surety bonds and other guarantees. These financial instruments, which totaled $212.9 million at March 31, 2019 , represent guarantees of our future performance. We also have provided $7.3 million of bank guarantees and letters of credit to secure a portion of our existing financial obligations. The majority of these financial instruments expire within two years ; we expect to replace them through the issuance of new or the extension of existing letters of credit and surety bonds. In some instances, we guarantee our customers’ financing arrangements. We are responsible for payment of any unpaid amounts, but will receive indemnification from third parties for between seventy-five and ninety-five percent of the contract values. In addition, we generally retain recourse to the equipment sold. As of March 31, 2019 , the gross value of such arrangements was $4.4 million , of which our net exposure under such guarantees was $0.2 million . We provide warranties of various lengths and terms to certain of our customers based on standard terms and conditions and negotiated agreements. We provide for the estimated cost of warranties at the time revenue is recognized for products where reliable, historical experience of warranty claims and costs exists. We also provide a warranty liability when additional specific obligations are identified. The warranty obligation reflected in other current liabilities in the consolidated balance sheets is based on historical experience by product and considers failure rates and the related costs in correcting a product failure. Warranty cost and accrual information were as follows: Three Months Ended (In millions) 2019 2018 Balance at beginning of period $ 13.5 $ 14.5 Expense for new warranties 3.2 3.4 Adjustments to existing accruals (1.3 ) (0.7 ) Claims paid (3.4 ) (3.2 ) Added through acquisition 0.4 0.2 Translation (0.1 ) 0.1 Balance at end of period $ 12.3 $ 14.3

Business Segment Information

Business Segment Information	3 Months Ended
Business Segment Information	Mar. 31, 2019
Segment Reporting [Abstract]
Business Segment Information	BUSINESS SEGMENT INFORMATION Operating segments for the Company are determined based on information used by the chief operating decision maker (CODM) in deciding how to evaluate performance and allocate resources to each of the segments. JBT’s CODM is the Chief Executive Officer (CEO). While there are many measures the CEO reviews in this capacity, the key segment measures reviewed include operating profit, operating profit margin, and EBITDA. Our reportable segments are: • JBT FoodTech—designs, manufactures and services technologically sophisticated food processing systems used for, among other things, fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry. • JBT AeroTech—designs, manufactures and services technologically sophisticated airport ground support and gate equipment and provides services for airport authorities; airlines, airfreight, and ground handling companies; the defense contractors and other industries. Total revenue by segment includes intersegment sales, which are made at prices that reflect, as nearly as practicable, the market value of the transaction. Segment operating profit is defined as total segment revenue less segment operating expenses. The following items have been excluded in computing segment operating profit: corporate expense, restructuring costs, interest income and expense, and income taxes. See the table below for further details on corporate expense. Segment operating profit is defined as total segment revenue less segment operating expenses. Business segment information was as follows: Three Months Ended (In millions) 2019 2018 Revenue: JBT FoodTech $ 294.6 $ 303.6 JBT AeroTech 122.9 105.6 Total revenue $ 417.5 $ 409.2 Income before income taxes Segment operating profit: JBT FoodTech $ 38.7 $ 21.5 JBT AeroTech 10.1 7.9 Total segment operating profit 48.8 29.4 Corporate items: Corporate expense (1) 12.9 10.8 Restructuring expense (2) 5.9 12.7 Operating income 30.0 5.9 Pension expense, other than service cost 0.5 0.2 Net interest expense 3.3 3.7 Income from continuing operations before income taxes $ 26.2 $ 2.0 (1) Corporate expense generally includes corporate staff-related expense, stock-based compensation, LIFO adjustments, certain foreign currency-related gains and losses, and the impact of unusual or strategic events not representative of segment operations. (2) Refer to Note 14 . Restructuring

Restructuring

Restructuring	3 Months Ended
Restructuring	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring	RESTRUCTURING Restructuring costs primarily consist of employee separation benefits under our existing severance programs, foreign statutory termination benefits, certain one-time termination benefits, contract termination costs, asset impairment charges and other costs that are associated with restructuring actions. Certain restructuring charges are accrued prior to payments made in accordance with applicable guidance. For such charges, the amounts are determined based on estimates prepared at the time the restructuring actions were approved by management. During the fourth quarter of 2016 we implemented and acquired a restructuring plan to consolidate certain facilities and optimize our general and administrative infrastructure subsequent to a FoodTech acquisition. We incurred no additional expense and have completed this plan in this quarter, with $3.0 million expense incurred through March 31, 2019. In the first quarter of 2018, we implemented a restructuring program ("2018 restructuring plan") to address JBT's global processes to flatten the organization, improve efficiency and better leverage general and administrative resources. The total estimated cost in connection with this plan is approximately $55 million to $60 million , of which we have recognized $52.9 million through March 31, 2019, and the remainder we expect to recognize during 2019. The following table details the amounts reported in Restructuring expense for the 2018 restructuring plan on the consolidated statement of income since the implementation of this plan: Cumulative Amount For the Three Months Ended Cumulative Amount (In millions) As of December 31, 2018 March 31, 2019 As of March 31, 2019 Severance and related expense 18.5 1.6 20.1 Other 34.7 4.8 39.5 Total Restructuring charges $ 53.2 $ 6.4 $ 59.6 The restructuring expense is primarily associated with the FoodTech segment, and is excluded from our calculation of segment operating profit. Expenses incurred during the three months ended March 31, 2019 primarily relate to costs to streamline operations and consulting fees as a direct result of our plan. Liability balances for restructuring activities are included in other current liabilities in the accompanying balance sheets. The table below details the activities in 2019: Impact to Earnings (In millions) Balance as of Charged to Earnings Release of Liability Payments Made Balance as of Severance and related expense $ 8.4 $ 1.6 $ (0.5 ) $ (1.1 ) 8.4 Other 11.0 4.8 — (9.7 ) 6.1 Total $ 19.4 $ 6.4 $ (0.5 ) $ (10.8 ) 14.5 We released $ 0.5 million of the liability during the three months ended March 31, 2019

Subsequent Events (Notes)

Subsequent Events (Notes)	3 Months Ended
Subsequent Events (Notes)	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On April 28, 2019, we have signed a definitive agreement to acquire Proseal UK Limited. Headquartered in Adlington, U.K., Proseal is a leading provider of tray sealing equipment and solutions for the fresh produce, ready meals, proteins and sandwiches/snack food industries. In addition to the U.K., Proseal has facilities in Richmond, Virginia (USA) and Melbourne, Australia. The acquisition of Proseal will expand FoodTech’s capabilities by adding a new, end-of-line food packaging platform and advancing our goal of providing full-line customer solutions. The purchase price is approximately £220 million

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation In accordance with Securities and Exchange Commission (“SEC”) rules for interim periods, the accompanying unaudited condensed consolidated financial statements (the “interim financial statements”) do not include all of the information and notes for complete financial statements as required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). As such, the accompanying interim financial statements should be read in conjunction with the JBT Annual Report on Form 10-K for the year ended December 31, 2018 , which provides a more complete understanding of the Company’s accounting policies, financial position, operating results, business, properties, and other matters. The year-end condensed consolidated balance sheet (the “Balance Sheet”) was derived from audited financial statements.
Use of Estimates	Use of estimatesPreparation of financial statements that follow U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards Not Yet Adopted	Recently adopted accounting standards Beginning in February 2016, the FASB issued ASU No. 2016-02, Leases ("ASC 842"), plus a number of related statements designed to clarify and interpret ASC 842. The core principle of the ASU is the requirement for lessees to report a right of use asset ("ROU asset") and a lease payment obligation on the balance sheet, but recognize expenses on their income statements in a manner similar to legacy accounting. For lessors, the guidance remains substantially unchanged from legacy U.S. GAAP. We designed our disclosures to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. We adopted ASC 842 as of January 1, 2019, using the cumulative-effect transition method with the required modified retrospective approach. The cumulative-effect transition method enables an entity to record existing leases at the date of adoption without restating comparative periods; rather the cumulative effect of the change is recorded as an adjustment to equity, if needed, at the beginning of the year of adoption. We elected the following practical expedients as permitted per the guidance: • The ‘package of practical expedients’ which permits us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. We have elected this package of practical expedients in its entirety. • The short-term lease recognition exemption for all leases that qualify. This means, for those leases that qualify, we will not recognize ROU assets or lease liabilities for existing short-term leases of assets in transition. • The practical expedient to not separate lease and non-lease components for all of our leases other than leases of vehicles and communication equipment given the predominance of the service component for these leases. • The use of hindsight to determine the lease term for existing leases and assessing the likelihood that a lessee renewal, termination or purchase option will be exercised. Adoption of the ASC 842 resulted in the recording of $32 million as ROU assets in Other assets and $34 million as lease liabilities in Other current liabilities and Other liabilities, as of January 1, 2019. The difference between the ROU assets and lease liabilities is driven primarily by lease incentives that were reclassified from a long-term liability account to the ROU asset balance. The income tax accounting impact of ASC 842 adoption resulted in recording of deferred tax asset and deferred tax liability of $8.8 million as of January 1, 2019. The standard did not materially impact our retained earnings nor consolidated net income, and had no impact on cash flows. Recently issued accounting standards not yet adopted In August 2018, the FASB issued ASU 2018-13, Disclosure Framework— Changes to the Disclosure Requirements for Fair Value Measurement, which amends Topic 820, Fair Value Measurement. ASU 2018-13 removes, modifies, and adds the disclosure requirements for fair value measurements. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2019, with early adoption permitted. The removed and modified disclosures will be adopted on a retrospective basis and the new disclosures will be adopted on a prospective basis. The Company is currently evaluating the impact of adopting ASU 2018-13 on its disclosures. In August 2018, the FASB issued ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
Acquisitions (Tables)	Mar. 31, 2019
Business Combinations [Abstract]
Schedule of business combinations	A summary of the acquisitions made during the period is as follows: Date Type Company/Product Line Location (Near) Segment February 1, 2019 Stock LEKTRO, Inc. Warrenton, Oregon AeroTech A manufacturer of commercial aviation ground support equipment, including electric towbarless aircraft pushback tractors for narrow body and smaller aircrafts. With this acquistion, AeroTech will now be well positioned to lead in the market supporting the growing demand for emissions-free ground support equipment. July 12, 2018 Stock FTNON Almelo, Netherlands FoodTech A manufacturer of equipment and solutions for the fresh produce, ready meals, and pet food industries. January 26, 2018 Stock Schröder Breidenbach, Germany FoodTech Manufacturer of engineered processing solutions to the food industry.
Schedule of assets acquired and liabilities assumed	The following presents the allocation of acquisition consideration to the assets acquired and the liabilities assumed, based on their estimated values: LEKTRO (1) FTNON (2) Schröder (3) Total (In millions) Financial assets $ 4.2 $ 17.2 $ 4.3 $ 25.7 Inventories 7.2 4.3 6.6 18.1 Property, plant and equipment 0.3 3.9 7.4 11.6 Other intangible assets (4) 26.7 19.0 4.2 49.9 Deferred taxes (6.9 ) (3.4 ) 0.4 (9.9 ) Financial liabilities (4.4 ) (20.6 ) (4.5 ) (29.5 ) Total identifiable net assets $ 27.1 $ 20.4 $ 18.4 $ 65.9 Cash consideration paid $ 49.0 $ 43.6 $ 20.3 $ 112.9 Cash acquired 1.7 4.9 1.5 8.1 Net consideration $ 47.3 $ 38.7 $ 18.8 $ 104.8 Goodwill $ 21.9 $ 23.2 $ 1.9 $ 47.0 (1) The purchase accounting for LEKTRO is provisional. The valuation of certain working capital balances, property, plant and equipment, intangibles, income tax balances and residual goodwill is not complete. These amounts are subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). (2) The purchase accounting for FTNON is provisional. The valuation of intangibles, income tax balances and residual goodwill is not complete. These amounts are subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). During the quarter ended March 31, 2019 we had no significant measurement period adjustments for FTNON. (3) The purchase accounting of Schröder was final as of December 31, 2018. (4)

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
Goodwill and Intangible Assets (Tables)	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The changes in the carrying amount of goodwill by business segment were as follows: (In millions) JBT FoodTech JBT AeroTech Total Balance as of December 31, 2018 $ 310.3 $ 11.1 $ 321.4 Acquisitions 0.2 21.9 22.1 Currency translation (1.0 ) 0.1 (0.9 ) Balance as of March 31, 2019 $ 309.5 $ 33.1 $ 342.6
Schedule of finite-lived intangible assets	Intangible assets consisted of the following: March 31, 2019 December 31, 2018 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationships $ 187.8 $ 48.7 $ 165.5 $ 45.2 Patents and acquired technology 100.8 39.8 99.8 38.2 Tradenames 25.0 10.3 23.1 10.3 Indefinite lived intangible assets 15.6 — 15.6 — Other 14.7 11.2 14.4 10.8 Total intangible assets $ 343.9 $ 110.0 $ 318.4 $ 104.5
Schedule of indefinite-lived intangible assets	Intangible assets consisted of the following: March 31, 2019 December 31, 2018 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationships $ 187.8 $ 48.7 $ 165.5 $ 45.2 Patents and acquired technology 100.8 39.8 99.8 38.2 Tradenames 25.0 10.3 23.1 10.3 Indefinite lived intangible assets 15.6 — 15.6 — Other 14.7 11.2 14.4 10.8 Total intangible assets $ 343.9 $ 110.0 $ 318.4 $ 104.5

Inventories (Tables)

Inventories (Tables)	3 Months Ended
Inventories (Tables)	Mar. 31, 2019
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following: (In millions) March 31, 2019 December 31, 2018 Raw materials $ 92.7 $ 82.1 Work in process 72.0 70.6 Finished goods 128.3 118.8 Gross inventories before LIFO reserves and valuation adjustments 293.0 271.5 LIFO reserves (49.1 ) (48.2 ) Valuation adjustments (17.5 ) (17.2 ) Net inventories $ 226.4 $ 206.1

Pension (Tables)

Pension (Tables)	3 Months Ended
Pension (Tables)	Mar. 31, 2019
Retirement Benefits [Abstract]
Components of net periodic benefit cost (income)	Components of net periodic benefit cost (income) were as follows: Pension Benefits Three Months Ended (In millions) 2019 2018 Service cost $ 0.4 $ 0.5 Interest cost 2.6 2.7 Expected return on plan assets (3.8 ) (4.2 ) Settlement charge — 0.1 Amortization of net actuarial losses 1.7 1.6 Net periodic cost $ 0.9 $ 0.7

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Mar. 31, 2019
Equity [Abstract]
Changes in the AOCI Balances	Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation Total (1) (In millions) Beginning balance, December 31, 2017 $ (113.9 ) $ 1.4 $ (27.8 ) $ (140.3 ) Other comprehensive income (loss) before reclassification — 1.1 2.5 3.6 Amounts reclassified from accumulated other comprehensive income 1.4 — — 1.4 Ending balance, March 31, 2018 $ (112.5 ) $ 2.5 $ (25.3 ) $ (135.3 ) three months ended March 31, 2019 and 2018 by component are shown in the following tables: Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation (1) Total (1) (In millions) Beginning balance, December 31, 2018 $ (140.4 ) $ 2.0 $ (48.1 ) $ (186.5 ) Other comprehensive income (loss) before reclassification 0.4 (0.3 ) (0.3 ) (0.2 ) Amounts reclassified from accumulated other comprehensive income 1.3 (0.4 ) (0.4 ) 0.5 Ending balance, March 31, 2019 $ (138.7 ) $ 1.3 $ (48.8 ) $ (186.2 )

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
Revenue Recognition (Tables)	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	In the following table, revenue is disaggregated by type of good or service and primary geographical market. The table also includes a reconciliation of the disaggregated revenue with the reportable segments. Three Months Ended Three Months Ended March 31, 2019 March 31, 2018 (3) in millions FoodTech AeroTech FoodTech AeroTech Type of Good or Service Recurring (1) $ 133.3 $ 50.9 $ 123.0 $ 43.1 Non-recurring (1) 161.3 72.0 180.6 62.5 Total 294.6 122.9 303.6 105.6 Geographical Region (2) North America 156.1 94.9 164.0 83.8 Europe, Middle East and Africa 79.4 23.4 76.3 14.1 Asia Pacific 37.7 4.1 40.2 7.0 Latin America 21.4 0.5 23.1 0.7 Total 294.6 122.9 303.6 105.6 Timing of Recognition Point in time 146.0 68.6 162.0 60.2 Over time 148.6 54.3 141.6 45.4 Total 294.6 122.9 303.6 105.6 (1) Aftermarket parts and services and revenue from leasing contracts are considered recurring revenue. Non-recurring revenue includes new equipment and installation. (2) Geographical region represents the region in which the end customer resides. (3) These amounts include the transition impacts from the adoption of ASC 606 that were recognized throughout the year. The majority of the impact was driven by "previously recognized" amounts where installation was completed in 2018 and revenue on the full contract was recognized, however the same contract was previously recognized under legacy GAAP upon shipment in 2017.
Contract with Customer, Asset and Liability	Our contract asset and liability balances for the period were as follows: Balances as of in millions March 31, 2019 December 31, 2018 Contract assets $ 68.4 $ 70.3 Contract liabilities 125.6 124.5

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
Earnings Per Share (Tables)	Mar. 31, 2019
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the respective periods and our basic and diluted shares outstanding: Three Months Ended (In millions, except per share data) 2019 2018 Basic earnings per share: Income from continuing operations $ 19.7 $ 1.6 Weighted average number of shares outstanding 31.8 31.9 Basic earnings per share from continuing operations $ 0.62 $ 0.05 Diluted earnings per share: Income from continuing operations $ 19.7 $ 1.6 Weighted average number of shares outstanding 31.8 31.9 Effect of dilutive securities: Restricted stock 0.2 0.5 Total shares and dilutive securities 32.0 32.4 Diluted earnings per share from continuing operations $ 0.62 $ 0.05

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
Fair Value of Financial Instruments (Tables)	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities measured at fair value on a recurring basis	Financial assets and financial liabilities measured at fair value on a recurring basis are as follows: As of March 31, 2019 As of December 31, 2018 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Investments $ 13.7 $ 13.7 $ — $ — $ 12.3 $ 12.3 $ — $ — Derivatives 9.6 — 9.6 — 7.7 — 7.7 — Total assets $ 23.3 $ 13.7 $ 9.6 $ — $ 20.0 $ 12.3 $ 7.7 $ — Liabilities: Derivatives $ 5.6 $ — $ 5.6 $ — $ 2.0 $ — $ 2.0 $ — Total liabilities $ 5.6 $ — $ 5.6 $ — $ 2.0 $ — $ 2.0 $ —

Derivative Financial Instrume_2

Derivative Financial Instruments and Risk Management (Tables)	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of fair value of foreign currency derivatives in balance sheet	The following table presents the fair value of foreign currency derivatives and embedded derivatives included within the Balance Sheets: As of March 31, 2019 As of December 31, 2018 (In millions) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Total $ 3.8 $ 5.6 $ 3.7 $ 2.1
Schedule of derivative assets at fair value	As of March 31, 2019 and December 31, 2018 , information related to these offsetting arrangements was as follows: (In millions) As of March 31, 2019 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 9.6 $ — $ 9.6 $ (2.5 ) $ 7.1 (In millions) As of December 31, 2018 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 7.7 $ — $ 7.7 $ (1.5 ) $ 6.2
Schedule of derivative liabilities at fair value	(In millions) As of March 31, 2019 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 5.6 $ — $ 5.6 $ (2.5 ) $ 3.1 (In millions) As of December 31, 2018 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 2.0 $ — $ 2.0 $ (1.5 ) $ 0.5
Schedule of location and amount of gain (loss) on foreign currency derivatives and on the remeasurement of assets and liabilities denominated in foreign currencies	The following table presents the location and amount of the gain (loss) on foreign currency derivatives and on the remeasurement of assets and liabilities denominated in foreign currencies, as well as the net impact recognized in the Income Statement: Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Amount of (Loss) Gain Recognized in Income on Derivatives Three Months Ended (In millions) 2019 2018 Foreign exchange contracts Revenue $ (2.0 ) $ (1.7 ) Foreign exchange contracts Cost of sales 0.8 0.6 Foreign exchange contracts Selling, general and administrative expense (0.1 ) 0.1 Total (1.3 ) (1.0 ) Remeasurement of assets and liabilities in foreign currencies 0.4 0.1 Net (loss) gain on foreign currency transactions $ (0.9 ) $ (0.9 )

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Mar. 31, 2019
Leases [Abstract]
Assets And Liabilities, Lessee	The following tables provide the required information regarding our leases for which we are lessee. Balance as of in millions January 1, 2019 March 31, 2019 Assets ROU assets $ 32.3 $ 31.6 Total ROU assets 32.3 31.6 Liabilities Current 10.8 11.0 Non-current 23.3 22.6 Total lease liabilities $ 34.1 $ 33.6 Weighted-average remaining lease term (years ) 4.3 4.2 Weighted-average discount rate 5.7 % 5.7 %
Lessee, Operating Lease, Liability, Maturity	Maturity of Operating Lease Liabilities: Year 1 $ 12.2 Year 2 9.5 Year 3 5.6 Year 4 3.8 Year 5 2.8 After Year 5 3.9 Total lease payments 37.8 Less: Interest on lease payments (4.2 ) Present value of lease liabilities $ 33.6
Lease, Cost	Other Information: Year-to-Date March 31, 2019 Operating cash flows from operating leases $ 3.4 New leases signed 1.7
Schedule of Future Minimum Rental Payments for Operating Leases	Future minimum lease payments under non-cancelable operating leases as of December 31, 2018, for the following fiscal years were: in millions Total Amount 2019 2020 2021 2022 2023 After 2024 Operating lease obligations $ 39.6 $ 12.7 $ 9.7 $ 5.6 $ 3.7 $ 2.9 $ 5.0
Lessor, Lease Revenue	Lease Revenue: Three Months Ended in millions March 31, 2019 Fixed payment revenue $ 16.1 Variable payment revenue 5.4 Total $ 21.5
Lessor, Operating Lease, Payments to be Received, Maturity	Lessor Maturity Analysis: Less than 1 Year $ 56.7 Year 1 43.9 Year 2 35.3 Year 3 23.9 Year 4 13.2 Year 5 1.8 After Year 5 3.1 Total lease revenue $ 177.9

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of warranty cost and accrual information	Warranty cost and accrual information were as follows: Three Months Ended (In millions) 2019 2018 Balance at beginning of period $ 13.5 $ 14.5 Expense for new warranties 3.2 3.4 Adjustments to existing accruals (1.3 ) (0.7 ) Claims paid (3.4 ) (3.2 ) Added through acquisition 0.4 0.2 Translation (0.1 ) 0.1 Balance at end of period $ 12.3 $ 14.3

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
Business Segment Information (Tables)	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of segment revenue and operating profit	Business segment information was as follows: Three Months Ended (In millions) 2019 2018 Revenue: JBT FoodTech $ 294.6 $ 303.6 JBT AeroTech 122.9 105.6 Total revenue $ 417.5 $ 409.2 Income before income taxes Segment operating profit: JBT FoodTech $ 38.7 $ 21.5 JBT AeroTech 10.1 7.9 Total segment operating profit 48.8 29.4 Corporate items: Corporate expense (1) 12.9 10.8 Restructuring expense (2) 5.9 12.7 Operating income 30.0 5.9 Pension expense, other than service cost 0.5 0.2 Net interest expense 3.3 3.7 Income from continuing operations before income taxes $ 26.2 $ 2.0 (1) Corporate expense generally includes corporate staff-related expense, stock-based compensation, LIFO adjustments, certain foreign currency-related gains and losses, and the impact of unusual or strategic events not representative of segment operations. (2) Refer to Note 14 . Restructuring

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
Restructuring (Tables)	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Schedule of restructuring expense	The following table details the amounts reported in Restructuring expense for the 2018 restructuring plan on the consolidated statement of income since the implementation of this plan: Cumulative Amount For the Three Months Ended Cumulative Amount (In millions) As of December 31, 2018 March 31, 2019 As of March 31, 2019 Severance and related expense 18.5 1.6 20.1 Other 34.7 4.8 39.5 Total Restructuring charges $ 53.2 $ 6.4 $ 59.6
Schedule of restructuring reserve by type of cost	Liability balances for restructuring activities are included in other current liabilities in the accompanying balance sheets. The table below details the activities in 2019: Impact to Earnings (In millions) Balance as of Charged to Earnings Release of Liability Payments Made Balance as of Severance and related expense $ 8.4 $ 1.6 $ (0.5 ) $ (1.1 ) 8.4 Other 11.0 4.8 — (9.7 ) 6.1 Total $ 19.4 $ 6.4 $ (0.5 ) $ (10.8 ) 14.5 We released $ 0.5 million of the liability during the three months ended March 31, 2019

Description of Business and B_3

Description of Business and Basis of Presentation - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ROU assets	$ 31.6	$ 32.3
Present value of lease liabilities	$ 33.6	34.1
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ROU assets		32
Present value of lease liabilities		34
Deferred tax asset		8.8
Deferred tax liability		$ 8.8

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions	Feb. 01, 2019USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2019USD ($)acquisition
Business Combinations [Abstract]
Number of businesses acquired \| acquisition				3
Consideration paid to acquire business \| $	$ 104.8	$ 47.3	$ 18.8	$ 104.8

Acquisitions - Fair Values of A

Acquisitions - Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Feb. 01, 2019	Jul. 12, 2018	Jan. 26, 2018	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Dec. 31, 2018
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Financial assets	$ 25.7
Inventories	18.1
Property, plant and equipment	11.6
Other intangible assets	49.9
Deferred tax liabilities	(9.9)
Financial liabilities	(29.5)
Total identifiable net assets	65.9
Cash consideration paid	112.9
Cash acquired	8.1
Net consideration	104.8			$ 47.3	$ 18.8	$ 104.8
Goodwill	47			$ 342.6		$ 342.6	$ 321.4
LEKTRO
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Financial assets	4.2
Inventories	7.2
Property, plant and equipment	0.3
Other intangible assets	26.7
Deferred tax liabilities	(6.9)
Financial liabilities	(4.4)
Total identifiable net assets	27.1
Cash consideration paid	49
Cash acquired	1.7
Net consideration	47.3
Goodwill	$ 21.9
FTNON
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Financial assets		$ 17.2
Inventories		4.3
Property, plant and equipment		3.9
Other intangible assets		19
Deferred tax liabilities		(3.4)
Financial liabilities		(20.6)
Total identifiable net assets		20.4
Cash consideration paid		43.6
Cash acquired		4.9
Net consideration		38.7
Goodwill		$ 23.2
Schroder
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Financial assets			$ 4.3
Inventories			6.6
Property, plant and equipment			7.4
Other intangible assets			4.2
Deferred tax assets			0.4
Financial liabilities			(4.5)
Total identifiable net assets			18.4
Cash consideration paid			20.3
Cash acquired			1.5
Net consideration			18.8
Goodwill			$ 1.9
Minimum
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible assets useful lives				7 years
Maximum
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible assets useful lives				20 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Goodwill [Roll Forward]
December 31, 2018	$ 321.4
Acquisitions	22.1
Currency translation	(0.9)
March 31, 2019	342.6
JBT FoodTech
Goodwill [Roll Forward]
December 31, 2018	310.3
Acquisitions	0.2
Currency translation	(1)
March 31, 2019	309.5
JBT AeroTech
Goodwill [Roll Forward]
December 31, 2018	11.1
Acquisitions	21.9
Currency translation	0.1
March 31, 2019	$ 33.1

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 343.9	$ 318.4
Accumulated amortization	110	104.5
Non-amortizing intangible assets	15.6	15.6
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	187.8	165.5
Accumulated amortization	48.7	45.2
Patents and acquired technology
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	100.8	99.8
Accumulated amortization	39.8	38.2
Tradenames
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	25	23.1
Accumulated amortization	10.3	10.3
Other
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	14.7	14.4
Accumulated amortization	$ 11.2	$ 10.8

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 92.7	$ 82.1
Work in process	72	70.6
Finished goods	128.3	118.8
Gross inventories before LIFO reserves and valuation adjustments	293	271.5
LIFO reserves	(49.1)	(48.2)
Valuation adjustments	(17.5)	(17.2)
Net inventories	$ 226.4	$ 206.1

Pension - Components of Net Per

Pension - Components of Net Periodic Benefit Cost (Details) - Pension Benefits - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0.4	$ 0.5
Interest cost	2.6	2.7
Expected return on plan assets	(3.8)	(4.2)
Settlement charge	0	0.1
Amortization of net actuarial losses	1.7	1.6
Net periodic cost	$ 0.9	$ 0.7

Pension - Narrative (Details)

Pension - Narrative (Details)	3 Months Ended
Pension - Narrative (Details)	Mar. 31, 2019USD ($)
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions to pension and other postretirement benefit plans in current year	$ 12,400,000
Employer contributions made	0
Domestic Plan
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions to pension and other postretirement benefit plans in current year	$ 10,000,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Change in AOCI Balances (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 456.9	$ 441.9
Other comprehensive income (loss) before reclassification	(0.2)	3.6
Amounts reclassified from accumulated other comprehensive income	0.5	1.4
Ending balance	476.4	419
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(186.5)	(140.3)
Ending balance	(186.2)	(135.3)
Pension and Other Postretirement Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(140.4)	(113.9)
Other comprehensive income (loss) before reclassification	0.4	0
Amounts reclassified from accumulated other comprehensive income	1.3	1.4
Ending balance	(138.7)	(112.5)
Derivatives Designated as Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	2	1.4
Other comprehensive income (loss) before reclassification	(0.3)	1.1
Amounts reclassified from accumulated other comprehensive income	(0.4)	0
Ending balance	1.3	2.5
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(48.1)	(27.8)
Other comprehensive income (loss) before reclassification	(0.3)	2.5
Amounts reclassified from accumulated other comprehensive income	(0.4)	0
Ending balance	$ (48.8)	$ (25.3)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other (expense) income	$ 0.5	$ 0.2
Income tax provision	6.5	0.4
Reclassification adjustments for foreign currency translation	0.6
Reclassification adjustment for foreign currency translation, tax	0.2
Reclassification out of Accumulated Other Comprehensive Income \| Pension and Other Postretirement Benefits
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other (expense) income	1.7	1.6
Income tax provision	0.4	$ 0.2
Reclassification out of Accumulated Other Comprehensive Income \| Derivatives Designated as Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax provision	0.1
Interest expense, net	$ 0.5

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
FoodTech
Disaggregation of Revenue [Line Items]
Revenue	$ 303.6	$ 294.6
FoodTech \| North America
Disaggregation of Revenue [Line Items]
Revenue	164	156.1
FoodTech \| Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenue	76.3	79.4
FoodTech \| Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	40.2	37.7
FoodTech \| Latin America
Disaggregation of Revenue [Line Items]
Revenue	23.1	21.4
FoodTech \| Recurring
Disaggregation of Revenue [Line Items]
Revenue	123	133.3
FoodTech \| Non-Recurring
Disaggregation of Revenue [Line Items]
Revenue	180.6	161.3
AeroTech
Disaggregation of Revenue [Line Items]
Revenue	105.6	122.9
AeroTech \| North America
Disaggregation of Revenue [Line Items]
Revenue	83.8	94.9
AeroTech \| Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenue	14.1	23.4
AeroTech \| Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	7	4.1
AeroTech \| Latin America
Disaggregation of Revenue [Line Items]
Revenue	0.7	0.5
AeroTech \| Recurring
Disaggregation of Revenue [Line Items]
Revenue	43.1	50.9
AeroTech \| Non-Recurring
Disaggregation of Revenue [Line Items]
Revenue	62.5	72
Point in time \| FoodTech
Disaggregation of Revenue [Line Items]
Revenue	162	146
Point in time \| AeroTech
Disaggregation of Revenue [Line Items]
Revenue	60.2	68.6
Over time \| FoodTech
Disaggregation of Revenue [Line Items]
Revenue	141.6	148.6
Over time \| AeroTech
Disaggregation of Revenue [Line Items]
Revenue	$ 45.4	$ 54.3

Revenue Recognition - Contract

Revenue Recognition - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Contract assets	$ 68.4	$ 70.3
Contract liabilities	$ 125.6	$ 124.5

Revenue Recognition - Revenue R

Revenue Recognition - Revenue Recognition (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 278
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-03-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period	9 months
Revenue, percentage to be recognized		82.00%

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) $ in Millions	3 Months Ended
Revenue Recognition - Narrative (Details) $ in Millions	Mar. 31, 2019USD ($)
Revenue from Contract with Customer [Abstract]
Contract liability, revenue recognized	$ 65

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Aug. 10, 2018
Basic earnings per share:
Income from continuing operations	$ 19,700,000	$ 1,600,000
Weighted average number of shares outstanding (in shares)	31.8	31.9
Basic earnings per share from continuing operations (in dollars per share)	$ 0.62	$ 0.05
Diluted earnings per share:
Income from continuing operations	$ 19,700,000	$ 1,600,000
Weighted average number of shares outstanding (in shares)	31.8	31.9
Effect of dilutive securities:
Restricted stock (in shares)	0.2	0.5
Total shares and dilutive securities (in shares)	32	32.4
Diluted earnings per share from continuing operations (in dollars per share)	$ 0.62	$ 0.05
Stock repurchase program, authorized amount			$ 30,000,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Unrealized gain (loss) on investments	$ 1.2	$ (2.4)

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Assets:
Derivatives	$ 9.6	$ 7.7
Liabilities:
Derivatives	5.6	2
Fair Value, Measurements, Recurring
Assets:
Investments	13.7	12.3
Derivatives	9.6	7.7
Total assets	23.3	20
Liabilities:
Derivatives	5.6	2
Total liabilities	5.6	2
Fair Value, Measurements, Recurring \| Level 1
Assets:
Investments	13.7	12.3
Derivatives	0	0
Total assets	13.7	12.3
Liabilities:
Derivatives	0	0
Total liabilities	0	0
Fair Value, Measurements, Recurring \| Level 2
Assets:
Investments	0	0
Derivatives	9.6	7.7
Total assets	9.6	7.7
Liabilities:
Derivatives	5.6	2
Total liabilities	5.6	2
Fair Value, Measurements, Recurring \| Level 3
Assets:
Investments	0	0
Derivatives	0	0
Total assets	0	0
Liabilities:
Derivatives	0	0
Total liabilities	$ 0	$ 0

Derivative Financial Instrume_3

Derivative Financial Instruments and Risk Management - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)derivative	Dec. 31, 2018USD ($)
Derivatives, Fair Value [Line Items]
Fair value of derivative asset	$ 9.6	$ 7.7
Fair value of derivative liability	$ 5.6	$ 2
Not Designated as Hedging Instrument \| Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Derivative, term of contract (less than)	2 years
Notional amount	$ 556.6
Net Investment Hedging \| Designated as Hedging Instrument \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Cross currency swap amount	116.4
Net investment hedge recorded in other comprehensive income (loss)	$ 3.2
Cash Flow Hedging \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Number of derivative instruments held \| derivative	3
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ 1.2
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Fair value of derivative liability	1.9
Other Assets \| Net Investment Hedging \| Designated as Hedging Instrument \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Net investment hedge recorded in other comprehensive income (loss)	4.3
Interest Expense \| Net Investment Hedging \| Designated as Hedging Instrument \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Gain (loss) recorded in interest expense	$ 0.6

Derivative Financial Instrume_4

Derivative Financial Instruments and Risk Management - Fair Value of Foreign Currency Derivatives in Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Derivative Assets	$ 9.6	$ 7.7
Derivative Liabilities	5.6	2
Foreign Currency Derivatives and Embedded Derivatives
Derivative [Line Items]
Derivative Assets	3.8	3.7
Derivative Liabilities	$ 5.6	$ 2.1

Derivative Financial Instrume_5

Derivative Financial Instruments and Risk Management - Derivative Assets at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Assets	$ 9.6	$ 7.7
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Net Presented in the Consolidated Balance Sheets	9.6	7.7
Amount Subject to Master Netting Agreement	(2.5)	(1.5)
Net Amount	$ 7.1	$ 6.2

Derivative Financial Instrume_6

Derivative Financial Instruments and Risk Management - Derivative Liabilities at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Liabilities	$ 5.6	$ 2
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Net Presented in the Consolidated Balance Sheets	5.6	2
Amount Subject to Master Netting Agreement	(2.5)	(1.5)
Net Amount	$ 3.1	$ 0.5

Derivative Financial Instrume_7

Derivative Financial Instruments and Risk Management - Location and Amount of Gain (Loss) on Foreign Currency Derivatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in Income on Derivatives	$ (1.3)	$ (1)
Remeasurement of assets and liabilities in foreign currencies	0.4	0.1
Net (loss) gain on foreign currency transactions	(0.9)	(0.9)
Revenue
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in Income on Derivatives	(2)	(1.7)
Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in Income on Derivatives	0.8	0.6
Selling, general and administrative expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in Income on Derivatives	$ (0.1)	$ 0.1

Leases (Details)

Leases (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
Leases (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Lease cost	$ 3.5
Rent expense		$ 10.5
Real Estate Leases
Lessee, Lease, Description [Line Items]
Percentage of leases related to real estate	80.00%

Leases - Lease Information (Det

Leases - Lease Information (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019
Assets:
ROU assets	$ 31.6	$ 32.3
Liabilities
Current	11	10.8
Non-current	22.6	23.3
Total lease liabilities	$ 33.6	$ 34.1
Weighted-average remaining lease term (years )	4 years 2 months 15 days	4 years 3 months 15 days
Weighted-average discount rate	5.70%	5.70%

Leases - Maturity of Operating

Leases - Maturity of Operating Lease Payments (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019
Operating Lease Liabilities, Payments Due [Abstract]
Year 1	$ 12.2
Year 2	9.5
Year 3	5.6
Year 4	3.8
Year 5	2.8
After Year 5	3.9
Total lease payments	37.8
Less: Interest on lease payments	(4.2)
Present value of lease liabilities	$ 33.6	$ 34.1

Leases - Other Information (Det

Leases - Other Information (Details) $ in Millions	3 Months Ended
Leases - Other Information (Details) $ in Millions	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 3.4
New leases signed	$ 1.7

Leases - Operating Lease Obliga

Leases - Operating Lease Obligations (Details)	Dec. 31, 2018USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
Total Amount	$ 39.6
2019	12.7
2020	9.7
2021	5.6
2022	3.7
2023	2.9
After 2024	$ 5

Leases - Lease Revenue (Details

Leases - Lease Revenue (Details) $ in Millions	3 Months Ended
Leases - Lease Revenue (Details) $ in Millions	Mar. 31, 2019USD ($)
Leases [Abstract]
Fixed payment revenue	$ 16.1
Variable payment revenue	5.4
Total	$ 21.5

Leases - Lessor Maturity Analys

Leases - Lessor Maturity Analysis (Details) $ in Millions	Mar. 31, 2019USD ($)
Operating Leases, Future Minimum Payments Receivable [Abstract]
Less than 1 Year	$ 56.7
Year 1	43.9
Year 2	35.3
Year 3	23.9
Year 4	13.2
Year 5	1.8
After Year 5	3.1
Total lease revenue	$ 177.9

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Product Warranty Liability [Line Items]
Guarantor obligations, expiration term	P2Y
Performance Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 212.9
Financial Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	7.3
Customers Financing Arrangements Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	4.4
Guarantor obligations, maximum exposure, undiscounted, net	$ 0.2
Minimum
Product Warranty Liability [Line Items]
Guarantor obligations, amount recoverable from third-parties (as a percent)	75.00%
Maximum
Product Warranty Liability [Line Items]
Guarantor obligations, amount recoverable from third-parties (as a percent)	95.00%

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Warranty Cost and Accrual Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 13.5	$ 14.5
Expense for new warranties	3.2	3.4
Adjustments to existing accruals	(1.3)	(0.7)
Claims paid	(3.4)	(3.2)
Added through acquisition	0.4	0.2
Translation	(0.1)	0.1
Balance at end of period	$ 12.3	$ 14.3

Business Segment Information -

Business Segment Information - Schedule of Segment Revenue and Operating Profit (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Revenue	$ 417.5	$ 409.2
Corporate expense	(91.7)	(85)
Restructuring expense	(5.9)	(12.7)
Operating income	30	5.9
Periodic pension cost, net	(0.5)	(0.2)
Income from continuing operations before income taxes	26.2	2
Operating segments
Segment Reporting Information [Line Items]
Segment operating profit	48.8	29.4
Operating segments \| JBT FoodTech
Segment Reporting Information [Line Items]
Revenue	294.6	303.6
Segment operating profit	38.7	21.5
Operating segments \| JBT AeroTech
Segment Reporting Information [Line Items]
Revenue	122.9	105.6
Segment operating profit	10.1	7.9
Corporate, non-segment
Segment Reporting Information [Line Items]
Corporate expense	12.9	10.8
Restructuring expense	5.9	12.7
Operating income	30	5.9
Periodic pension cost, net	0.5	0.2
Net interest expense	$ 3.3	$ 3.7

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
Restructuring - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring charges, release of liability	$ 0.5
Restructuring costs incurred to date	59.6	$ 53.2
Restructuring Plan, Tipper Tie
Restructuring Cost and Reserve [Line Items]
Restructuring costs incurred to date	3
JBT Global Business
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, incurred cost	52.9
Severance and related expense
Restructuring Cost and Reserve [Line Items]
Restructuring charges, release of liability	0.5
Restructuring costs incurred to date	20.1	$ 18.5
Minimum \| JBT Global Business
Restructuring Cost and Reserve [Line Items]
Total expected restructuring cost under plan	55
Maximum \| JBT Global Business
Restructuring Cost and Reserve [Line Items]
Total expected restructuring cost under plan	$ 60

Restructuring - Restructuring E

Restructuring - Restructuring Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
Cumulative amount of restructuring costs	$ 59.6	$ 53.2
Restructuring charges	6.4
Severance and related expense
Restructuring Cost and Reserve [Line Items]
Cumulative amount of restructuring costs	20.1	18.5
Restructuring charges	1.6
Other
Restructuring Cost and Reserve [Line Items]
Cumulative amount of restructuring costs	39.5	$ 34.7
Restructuring charges	$ 4.8

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Reserve by Type of Cost (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Restructuring Reserve [Roll Forward]
December 31, 2018	$ 19.4
Charged to Earnings	6.4
Release of Liability	(0.5)
Payments Made	(10.8)
March 31, 2019	14.5
Severance and related expense
Restructuring Reserve [Roll Forward]
December 31, 2018	8.4
Charged to Earnings	1.6
Release of Liability	(0.5)
Payments Made	(1.1)
March 31, 2019	8.4
Other
Restructuring Reserve [Roll Forward]
December 31, 2018	11
Charged to Earnings	4.8
Release of Liability	0
Payments Made	(9.7)
March 31, 2019	$ 6.1

Subsequent Events (Details)

Subsequent Events (Details) € in Millions	Apr. 28, 2019EUR (€)
Proseal UK Limited \| Subsequent Event
Subsequent Event [Line Items]
Purchase price	€ 220

Uncategorized Items - a33119-jb

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (28,000,000)